Comparing UK 0% credit cards online since 2002
What are the most suitable high limit credit cards in the UK, in 2022? Can you get a credit card with a £20,000 limit in the UK? Is there a maximum credit card limit in the UK?
Credit cards with high limits are often defined as those 0% cards, which offer new customers, a higher than average credit limit.
Many UK customers, when they first apply for their new credit card, would like to get an initial high credit limit.
Very often customers are looking for credit cards with high limits, for one of the following two reasons:-
- You have a large outstanding balance on your current credit card. As a result, you would like to make a balance transfer to a new credit card. This will allow you to benefit from any 0% introductory offer on balance transfers.
- You would like to make one, or perhaps several, higher value purchases, using this new credit card. This will allow you to benefit from any 0% introductory offer on purchases.
In both of the above cases, the credit card customer will need to be given a higher credit card limit. This could be a credit card with a £5000 limit, or even a credit card with a £10000 limit, for example. This kind of large credit limit does allow a customer to make a larger purchase with their credit card. Alternatively, they could make a bigger balance transfer using their new credit card.
Highest Credit Card Limit UK
Many customers are looking for a new 0% credit card with the highest credit card limit in the UK. Customers are more likely to be successful in obtaining these UK high limit credit cards if they have:-
- A very good, or excellent credit history
- No recent bad debt problems
- No recent missed or late payments
- A low level of overall debt, excluding any mortgage they may have
- An annual income of around £20,000 or more
Many of the banks and credit card companies will look for a customer to meet all of the above criteria, before providing high credit limit credit cards to new customers.
There are around 60 UK 0% credit cards currently available online. What are the most suitable cards for customers looking for high limit credit cards in UK?
The credit card companies have generally tended to be more cautious with their lending, ever since the banking crisis, back in 2008. This has meant that, for many customers, initial credit card limits have tended to be lower, than in the years before the banking crisis began.
With the recent Coronavirus crisis, the credit card companies are in general, now overall more cautious with their lending. The number of customers accepted for new cards, as well as the credit limits, are now both likely to be lower. Additional 0% credit card offers for existing customers are also likely to be greatly reduced in numbers.
However, we have often seen that some credit card companies can still be more generous with their credit limits, than certain other card companies.
All of the following featured credit cards, in our experience, are most likely to be suitable for customers looking for UK high limit credit cards:-
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0% Credit Card Offers
Credit Card Details
- 0% for 32 months on balance transfers made within 90 days of account opening
- 1.99% balance transfer fee, minimum £5
- 0% on purchases for 3 months from account opening
- Collect M&S points every time you shop anywhere in the world with your card
- One point for every £1 you spend in M&S and one point for every £5 you spend elsewhere
- Manage account online
- Annual Fee: None
Application Criteria
- You are a UK resident
- You have an annual income or pension of at least £6,800
- You are aged 18 or over
- You have not held a credit card with M&S Bank within the previous 12 months
0% Credit Card Offers
Credit Card Details
- 0% interest for 33 months on balance transfers made within first 60 days of account opening
- 2.7% balance transfer fee applies (minimum £5)
- 0% interest on purchases for 3 months from account opening
- At end of promotional period, balance transfers and purchases will revert to standard variable rate
- Worldwide offers and discounts with HSBC home&Away
- Manage your card online
- Annual Fee: None
Application Criteria
- You have an annual income or pension before tax of £6,800 or more
- You are a UK resident
- You are aged 18 or over
- You do not hold an HSBC Basic bank account
0% Credit Card Offers
Credit Card Details
- 0% for 24 months on balance transfers made within 90 days of account opening
- 2.9% balance transfer fee, minimum £5
- 0% on purchases for 24 months from account opening
- Collect M&S points every time you shop anywhere in the world with your card
- One point for every £1 you spend in M&S and one point for every £5 you spend elsewhere
- Manage account online
- Annual Fee: None
Application Criteria
- You are a UK resident
- You have an annual income or pension of at least £6,800
- You are aged 18 or over
- You have not held a credit card with M&S Bank within the previous 12 months
0% Credit Card Offers
Credit Card Details
- 0% interest for 24 months for balance transfers made within 60 days
- 3% balance transfer fee, minimum £5
- 0% interest on purchases for 4 months from account opening
- All successful applicants will receive this exact rate and offer
- Online account management
- Annual Fee: None
Application Criteria
- Only available to customers who have held a Co-operative Bank or smile current account for 1 month or more
- You are a UK resident
- You have annual income of £10,000 or more
- You are aged 18 or over
0% Credit Card Offers
Credit Card Details
- 0% interest for 23 months on balance transfers made within first 60 days of account opening
- 2.9% balance transfer fee applies (minimum £5)
- 0% interest on purchases for 23 months from account opening
- At end of promotional period, balance transfers and purchases will revert to standard variable rate
- Worldwide offers and discounts with HSBC home&Away
- Manage your card online
- Annual Fee: None
Application Criteria
- You have an annual income or pension before tax of £6,800 or more
- You are a UK resident
- You are aged 18 or over
- You do not hold an HSBC Basic bank account
Credit Cards With High Limits
Customers are more likely to be accepted for any of the above high credit limit credit cards when they can successfully meet all of the application criteria that the credit card company is looking for.
Are you a customer looking to apply for any of the highest credit card limit cards? Then, it is important that you take extra care with the online application form, when you do apply.
Any mistakes that you make on the application form, are more likely to lead to your application being declined. This failure, may then in turn further reduce your prospects of successfully applying for other 0% credit cards with high limits.
The above UK featured credit cards are higher limit cards which do not currently, charge a customer any annual fee, for using the card
Credit Card With £20000 Limit UK
Can you get a credit card with a £20,000 limit in the UK? Is a high credit limit like this very common?
Well it is possible to get a limit this high, but only for a very small number of customers. These customers would generally, have very high annual incomes. However a large credit card limit like this, is quite a rare occurrence in today’s market.
Currently the average credit limit for one of the largest UK credit card companies, is a rather lower figure of just £4000. That is quite a bit lower than a credit card with a £20,000 limit.
Your actual credit limit is decided by the credit card company. The limit is based only on their lending criteria and the information provided by you on the application form. This is then combined with the information held, by a credit reference agency.
Maximum Credit Card Limit UK?
Is there a maximum credit card limit in the UK? If so, does this restrict the size of the credit limit a customer will be given?
We often see customers looking for answers about the highest credit card card limit you can get in the UK. In theory, there is no maximum credit card limit in the UK.
If you already have a number of credit cards with high limits, then this may reduce the maximum credit card limit you can obtain on any new UK card. The credit card companies tend to be wary of any one individual having too much credit available to them, in relation to their overall income.
Credit cards with high limits are not as common in the UK credit card market, as they once were. However, they do still happen. We still see customers given a higher than average credit limit, when applying for a new credit card.
Most 0% credit cards in the UK, including the Marks and Spencer credit card, for example are currently issued as MasterCard credit cards. There are a smaller number of cards available, that are issued as Visa credit cards in the UK.
High limit credit cards, are however, available as both Visa and MasterCard issued credit cards. The choice of payment network makes no difference to the size of the credit limit you are given.
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